Established asset management firm T.Rowe Price plans to launch a "basket of cryptocurrencies ETF" with an active management strategy.

BlockBeats News, October 23, the established asset management company T. Rowe Price has submitted an S-1 filing to the U.S. Securities and Exchange Commission, proposing to launch its first crypto ETF. The company currently manages $1.77 trillion in assets.

According to the filing disclosed on Wednesday, the product, named "T. Rowe Price Active Crypto ETF," will adopt an actively managed strategy, aiming to outperform the FTSE Crypto US Listed Index—which tracks the performance of the top ten crypto assets listed in the U.S.—over a period of one year or longer.

The document shows that the fund will invest in "qualified" cryptocurrencies including Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Litecoin, Polkadot, Dogecoin, HBAR, Bitcoin Cash, Chainlink, Lumen, and Shiba Inu.